Jan 2 (Reuters) -
Drug distributor Cencora ( COR ) raised its annual adjusted
profit forecast on Thursday, citing benefits from its $4.4
billion takeover of Retina Consultants of America (RCA) and
continued strong performance in the U.S. market.
The company now sees its 2025 earnings per share ranging
from $15.15 to $15.45, an increase from its previous projection
of $14.80 to $15.10.
Analysts, on average, expect the profit for the year
ending Sept. 30, 2025, to be $14.96 per share, according to data
compiled by LSEG.
Cencora ( COR ) said it completed the acquisition of RCA on
Thursday. The deal will add nearly 300 retina specialists to
company's portfolio of physician management services.
This move follows Cencora's ( COR ) acquisition of a minority
stake in OneOncology last year for about $685 million to access
a network of cancer specialists.
RCA's network consists of specialists who focus on
treating diseases such as macular degeneration and diabetic
retinopathy.
Encouraged by higher margins and growing U.S. demand for
treatments for complex conditions such as rheumatoid arthritis
and cancer, Cencora ( COR ) and its peers Cardinal Health ( CAH ) and
McKesson have chosen to intensify their focus on this
sector.